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This Solicitation opportunity from New York was posted on August 29, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

NYPA Trustee, Paying Agent and Custodian Services

Closed
2126114State & Local

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The New York Power Authority is seeking proposals from qualified financial institutions to serve as bond trustee, paying agent, and custodian for various debt programs, including the General Resolution Senior Revenue Bond Program, Commercial Paper Notes Resolution, and Transmission Bond Resolution for Separately Financed Projects, as well as any future debt issuances. Additionally, the Authority is requesting custody services for its Other Post-Employment Benefits (OPEB) Trust. The contract, which can last up to ten years, is open to entities across all New York State counties, with a deadline for responses set for September 26, 2025. Bidders are instructed to obtain solicitation documents exclusively from the NYPA website to ensure proper participation and avoid risks associated with external sources. The procurement does not set aside opportunities specifically for service-disabled veteran-owned businesses. The contract value ranges from five to fifteen million dollars, and the project is managed by Robert Malcolm, whose contact details are provided for inquiries. This procurement is part of NYPA’s broader efforts to manage its financial and custodial services efficiently across its various debt and benefit programs.

General Info

Place of Performance

NY, USA

Set-Aside

NONE

Documents

0

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyPower Authority of New York
Contacts1 person available
OfficeN/A
Organization / AgencyPower Authority of New York
Office AddressN/A
Contacts
Robert MalcolmSSM Category Manager Professional Services & HR

Full Description

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The New York Power Authority (The Authority) is soliciting   proposals from qualified financial institutions to provide all bond trustee, paying agent, and custodian services for NYPA's debt, including the General Resolution Senior Revenue Bond Program, the Commercial Paper Notes Resolution, the Transmission Bond Resolution (Separately Financed Projects) Program, and other types of debt that may be issued by the Authority in the future. NYPA is also seeking proposals from financial institutions to provide custody services for its Other Post-Employment Benefits (OPEB) Trust through this Request for Proposal (RFP). Bidders are hereby directed to make use of the New York Power Authority's website at www.nypa.gov in order to obtain instructions on participating in the bidding process. Bidders obtaining documents from sources other than NYPA.gov do so at their own risk. Further details on qualification requirements can be found in the Bid Document Service-Disabled Veteran-Owned Set Aside: No Due date:09/26/2025 4:00 PM Contract term: Up to 10 years County(ies): All NYS counties Location: White Plains Business entities awarded an identical or substantially similar procurement contract within the past five years: None

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